Topic: [ANN] Pink: Escort startup Series A share sale - page 3. (Read 3873 times)

That's the maximum though isn't it? I'm sure I could think of plenty of uses for that much money, I wonder how much Ashley Madison spent on advertising? I saw their ads EVERYWHERE for a while.

$55.000.000

for such an escort service ? LOL
Even the $5.000.000 are way to high.
For that price you could already buy a big established one.

Your platform and app is max worth $200.000 .So where is the rest of the money going ?




I don't know from where you got your prices but the benefit for investors won't be much if there even will be some at such a price.

Do you have a showcase of application scenarios? Only to explain the text is pale, and there is no token here, right?

Nice review / sales pitch.


On another note:

I'm kind of wondering how verification of the service providing party will be done and also for those that take on this service (ID verification can be a good base layer, yet its also the most common form of identity theft).

Physical verification can be done, altho it might be a lot of work to do, it also has only a reach of about 1-2 hours a drive away from the persons doing the physical check, digital as backfall into into, could extend the option but can only be trusted so far (It is way harder to verify forced situations then doing this physical).

The most effective method is and should be tiered, with multiple methods of growing into tiers.

untrusted = Atleast a costumer informed Pink that the service provider details are not accurate, the provider is offered a 1 time chance to change the details
untrusted = A service provider has claim unpaid services, Identity is incorrect, or anything other that should raise negative trust.
Base level = Identification verification has been uploaded
regular = atleast 3 costumers verified that the shown data in the app is accurate /// regular = a service provider has verified that the identity and the person are one and the same.
extended = atleast 10 costumers verified that the shown data in the app is accurate // extended = 3 service providers have verified that the identity and the person are one and the same.


I know I'm probably asking to inside information and do understand if this can't be delivered, but I like the idea behind the app and as far as I can see the design of it, I'm now getting more and more curious about the methods of how

Latest app preview:

https://vimeo.com/239655911

I kind of agree that this level of security could be overkill. I think this could be very high in demand for other fields though, maybe even more legally gray areas than this.

I can only agree with that, you guys surely take the extra mile (or 2)  for security.

I was just looking/offering different options Since my personal opinion is, that staying in the shadow isn't always the best choice, when trying to offer a service where transparancy may in fact be a dealmaker. The kind of service you are planning to offer, mostly means a form of + knowledge on those offering the service on your platform, where most of these persons rather stay in the shadow them self (namewise), but to be certain the person is legit required a form of verification.

Oh well I'm certain you and your team have crossed that in your minds aswell.

For some reason I was assuming you were storing data in them for the long term, but now I see you encrypt it and use hard drives. This makes much more sense, thanks.

Nobody can every say you guys haven't gone the extra mile for security, that's for sure.

No need to apologize. I'm sorry for prying so much, I've always been the nosey one of the bunch lol

The moment we ever move from that safe spot, the US would grab us. The US might play dirty tricks, accuse of us other things ... whatever they can. The best approach is a layered one. There are benefits to customers too: No subpoenas or warrants possible.

RAM drives mean we have an constantly-streaming encrypted backup system, yes. And it does mean if something fails, we end up needing to manually enter the key to restore. I believe this tradeoff is worth protecting everyone's data.

true and untrue,

The law in the Netherlands is quite clear upon data-storage on who is the rightfull owner, as long as the company is registered in the Netherlands, it will be a hard and harsh fight for the US and other country's to lay down a claim upon data, especially when it is not again the local law of the Netherlands.

I'm aware that not everything is as "ok" as we sometimes believe, but keeping stuff liquid on RAM-drives means u'll have multiple servers hosted across the globe and perhaps an server nearby your location to collect a backup in case of.. well you know

Eventually we will launch most major cities. For now, we are focusing on CA/IE/UK/US. We should have between over 10 cities online (conservative) by the end of 2018.

We do take advantage of jurisdictional friction to aid us. But we cannot count on these countries protecting us. We will be operating worldwide, and local laws such as NL has won't apply overseas. The US is known to play dirty. So while we could take advantage of our citizenships, only hire people with certain citizenship, live there and never travel ... it is playing a dangerous game. At best we would end up in a long legal fight. Even if we win, that is a waste of money and time.

Interesting story, is the platform intended to go worldwide?

If laws and the risk of FBI etc seizing the data, why not locate the company to a more ok country, like for example the Netherlands? Who allow this kind of technology as long as it is proven to not support trafficing etc.

It is cheap enough to get 32 GB of RAM. This is enough to run our apps or a database for now. It is not common because it is difficult to operate and most companies do not need the security.

It's interesting your servers don't even have hard drives and is all based on RAM. That must take a lot of RAM. Is this a fairly common practice?

Approximately 10 people working on the project. We won't go into personnel details, sorry.

I never would have guessed about the health checks having negative consequences. Great call on bringing someone with experience in.

Just curious about this.

What kind of patents does Pink have filed, if any?